Business

Mar
25
2025
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By Abia ThinkTank
Gov. Otti Plans To Revitalize Ogwe Golden Chicken, Welcomes Investment Offer From An Israeli Livestock Company

Gov. Otti Plans To Revitalize Ogwe Golden Chicken, Welcomes Investment Offer From An Israeli Livestock Company

Abia State, Agriculture, Business, Economy, Good Governance
GOV. OTTI PLANS TO REVITALIZE OGWE GOLDEN CHICKEN, WELCOMES INVESTMENT OFFER FROM AN ISRAELI LIVESTOCK COMPANY. Abia state Governor, Dr. Alex Otti, OFR, says his administration is advancing plans to revitalize the moribund Ogwe Golden Chicken for the economic development of the State. Governor Otti disclosed this while receiving in audience a delegation of an Israeli - Agro business Investment Company, AgroTop Isreal led by the Business Development Manager, Mr. Ofer Zuntz and their development partners from Max Agro Farm. The Governor while noting that his administration is undertaking the resuscitation of similar moribund State's investments abandoned by previous administrations…
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Mar
23
2025
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By Abia ThinkTank
Petrol Marketers May Sell In Dollars If Naira-For-Crude Deal Fails – IPMAN

Petrol Marketers May Sell In Dollars If Naira-For-Crude Deal Fails – IPMAN

Business, News Flash, Oil & Gas
Petrol Marketers May Sell In Dollars If Naira-For-Crude Deal Fails – IPMAN The National Publicity Secretary of the Independent Petroleum Marketers of Nigeria (IPMAN) Chinedu Ukadike has said that petrol marketers may be forced to retail petroleum products in dollars following the decision of the Dangote Petroleum Refinery to end the sale of petroleum products in Naira and sell in the dollar. This follows the expiration of the first phase of the Naira-for-Crude arrangement between the federal government and local refineries, including Dangote. In a telephone interview with Nairametrics, Ukadike said he was shocked by the announcement by the Dangote…
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Mar
23
2025
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By Abia ThinkTank
A Critical Examination Of First Bank Of Nigeria’s Rebuttal In The Agbai Eke Allegations: Trust, Protocol, And Institutional Accountability – By Dr. Chukwuemeka Ifegwu Eke

A Critical Examination Of First Bank Of Nigeria’s Rebuttal In The Agbai Eke Allegations: Trust, Protocol, And Institutional Accountability – By Dr. Chukwuemeka Ifegwu Eke

Business, CBN/Commercial Banking, Columns/Opinions/Letters, Economy
A Critical Examination of First Bank of Nigeria’s Rebuttal in the Agbai Eke Allegations: Trust, Protocol, and Institutional Accountability The edifice of banking, an institution predicated on the inviolable sanctity of trust, stands imperiled when its custodians appear cavalier in their stewardship. The recent imbroglio involving First Bank of Nigeria and Dr. Agbai Eke, who alleges a staggering N550 million fraud, has ignited public consternation, casting a pall over the institution’s venerable legacy. The bank’s terse dismissal of these claims as “baseless” and “unfounded” demands rigorous scrutiny, not merely for its legal implications but for the profound existential questions it…
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Mar
21
2025
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By Abia ThinkTank
Gov. Otti Invites Sinoma Company To Establish Its Factory In ABIA, Says ABIA State Is Willing To Partner With Investors

Gov. Otti Invites Sinoma Company To Establish Its Factory In ABIA, Says ABIA State Is Willing To Partner With Investors

Abia State, Business, Economy, Good Governance
GOV. OTTI INVITES SINOMA COMPANY TO ESTABLISH ITS FACTORY IN ABIA, SAYS ABIA STATE IS WILLING TO PARTNER WITH INVESTORS. Abia State Governor, Dr. Alex Otti has invited the SINOMA Materials Company Nigeria Limited to establish its factory in Abia State saying that the State will be happy to partner the company in that regard. Governor Otti was speaking during a business meeting he held with a delegation from Sinoma Materials Company Nigeria Limited led by its Chairman, Mr. Zhang Hui. He said that the presence of SINOMA Materials Company Nigeria Limited in Abia State would create job to the…
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Mar
20
2025
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By Abia ThinkTank
Gov. Otti Receives A Delegation From The Kingdom Of The Netherlands, Explores Areas Of Partnership, As Kaltani Company Seals Waste Management Deal

Gov. Otti Receives A Delegation From The Kingdom Of The Netherlands, Explores Areas Of Partnership, As Kaltani Company Seals Waste Management Deal

Abia State, Business, Economy, News Flash
GOV. OTTI RECEIVES A DELEGATION FROM THE KINGDOM OF THE NETHERLANDS, EXPLORES AREAS OF PARTNERSHIP, AS KALTANI COMPANY SEALS WASTE MANAGEMENT DEAL. Abia State Governor, Dr. Alex Otti on Wednesday, 19th March received a delegation from the Kingdom of the Netherlands in Nigeria led by the Deputy Consul-General, Mr. Peter Keulers who were in the State on a scoping mission alongside the Kaltani Company led by its Managing Director and Chief Executive Officer, Engr. Obi Charles Nnanna, who are due to commence the project of turning waste into wealth in the State after the execution of an MoU with Abia…
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Mar
15
2025
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By Abia ThinkTank
Dangote Refinery Cuts Petrol Price To N815/Litre, Intensifying Price War

Dangote Refinery Cuts Petrol Price To N815/Litre, Intensifying Price War

Economy, Business, News Flash, Oil & Gas
Dangote Refinery Cuts Petrol Price to N815/Litre, Shaking Up Market Dangote Petroleum Refinery on Thursday reduced its petrol loading cost from N825 per litre to N815 per litre, further intensifying the pricing war in the downstream sector. Reports indicate that marketers are taking advantage of the N10 reduction by sourcing petrol directly from the refinery instead of relying on depot owners, who may be forced to lower their prices. The landing cost of imported petrol currently stands at N774.72 per litre, factoring in shipping, import duties, and exchange rates. This lower cost had prompted some retail marketers to turn to…
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Mar
07
2025
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By Abia ThinkTank
Abia State’s Prosperity: A Cyclone Of Growth Gathering Momentum – By Dr. Chukwuemeka Ifegwu Eke

Abia State’s Prosperity: A Cyclone Of Growth Gathering Momentum – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance
Abia State’s Prosperity: A Cyclone of Growth Gathering Momentum IntroductionMuch like a cyclone developing over warm ocean waters, Abia State in southeastern Nigeria is harnessing latent energy across sectors to fuel a storm of economic and social transformation. Cyclones begin as mere disturbances, gradually organizing into powerful systems. Similarly, Abia’s prosperity is brewing through strategic reforms, investments, and innovation—culminating into a force poised to reshape its future. 1. Governance: The Tropical DisturbanceEvery cyclone starts with a disturbance. For Abia, this began with governance reforms. Under Governor Alex Otti’s administration, the state prioritized transparency and infrastructure. In 2023, 35% of Abia’s…
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Mar
06
2025
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By Abia ThinkTank
Vietnamese Ambassador To Nigeria Holds Meeting With Chambers Of Commerce In ABIA State

Vietnamese Ambassador To Nigeria Holds Meeting With Chambers Of Commerce In ABIA State

Abia State, Business, Good Governance, News Flash
VIETNAMESE AMBASSADOR TO NIGERIA HOLDS MEETING WITH CHAMBERS OF COMMERCE IN ABIA STATE In pursuance of a collaboration between Abia State Government and the Socialist Republic of Vietnam, the Vietnamese Ambassador to Nigeria, His Excellency, Mr. Bui Quoc Hung has held meetings with the business communities in Abia State. Speaking at the different business meetings with the Umuahia and Aba Chamber of Commerce, Industry, Mines and Agriculture, the Vietnamese Ambassador to Nigeria, Mr Bui Quoc Hung said that Vietnam and Nigeria have many things in common. Mr. Hung said that he engaged the business community in order to identify areas…
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Feb
28
2025
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By Abia ThinkTank
Empowering Abia’s Youth Economy: A Blueprint To Rival Singapore’s Success – By Dr. Chukwuemeka Ifegwu Eke

Empowering Abia’s Youth Economy: A Blueprint To Rival Singapore’s Success – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Good Governance
Empowering Abia’s Youth Economy: A Blueprint to Rival Singapore’s Success *Introduction: Learning from Singapore’s Playbook*Singapore, a nation with no natural resources, transformed itself into a $466 billion economy (2023 GDP) by prioritizing innovation, education, and governance. Similarly, Abia State—home to 4.167 million people, 70% of whom are under 30—can leverage its youthful population to drive a Singapore-style revolution. Governor Alex Otti’s recent pledge to invest 15% of the state’s ₦567 billion budget (2024) in youth empowerment signals readiness. With Nigeria’s youth unemployment rate at 19.7% (NBS, 2023) and Abia’s even higher at 34%, this blueprint offers a data-driven roadmap to…
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Feb
28
2025
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By Abia ThinkTank
Gov. Otti Setting Up Export Growth Lab In ABA, Seeks Greater Partnership With UNDP

Gov. Otti Setting Up Export Growth Lab In ABA, Seeks Greater Partnership With UNDP

Abia State, Business, Economy, Good Governance, News Flash
GOV. OTTI  PLANS TO SET UP EXPORT GROWTH LAB IN ABA, SEEKS GREATER PARTNERSHIP WITH UNDP. In a bid to create a more functional economy in the State, Abia State Governor, Dr.  Alex Otti is planning to set up an export growth lab in Aba the commercial nerve centre of the South East. Governor Otti disclosed this on thursday while receiving in audience the Resident Representative of the United Nations Development Programme (UNDP). He expressed the hope that there is a lot Abia State Government can do together with the UNDP. "We believe that there is a whole lot we…
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